All eyes on Fed Chair Warsh during the central bank’s annual conclave in Jackson Hole
Summary
Federal Reserve Chair Kevin Warsh said on Friday that inflation remains too high. He indicated the central bank might need to raise interest rates soon to lower inflation, though he did not commit to a specific policy move at the upcoming meeting.Key Facts
- Kevin Warsh became Federal Reserve Chair on May 22, 2026.
- He spoke at the Fed’s annual conference in Jackson Hole, Wyoming.
- Warsh acknowledged inflation has cooled slightly but underlying trends have not improved enough.
- He said the Fed needs to be sure inflation is moving toward its goal clearly and quickly.
- Warsh avoided giving direct guidance on whether rates will rise, fall, or stay the same.
- He noted current interest rates are not yet limiting economic activity, given strong business investment and consumer spending.
- The Federal Reserve will meet next on September 15-16, 2026.
- Warsh aims to keep flexibility in monetary policy by not committing to a specific course ahead of meetings.
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